Tidd Ross Todd (TRT) has announced a major change in ownership, 56 years since the OEM opened for business in New Zealand.
TRT Engineering and Technical Director, Robert Carden, has decided to step down from his position and sell his TRT shares.
As a result, Robert Carden will be resigning as a director and as a TRT employee.
To maintain TRT’s company values and dedication to customer solutions, Robert’s brother, Bruce Carden, and his family, have acquired Robert’s shares in the business. This shareholding change gives Bruce Carden 100 per cent control of TRT.
TRT Australia has played a significant role in restructuring the business for future success.
Neil Webb officially took the post of new investment partner and 20 per cent shareholder of TRT’s Australian operations in November 2022.
Director of Sales and Innovations, Bruce Carden said: “With over 29 years of experience, extensive networks, and immense capabilities right across the industry, Webb has demonstrated notable success, taking TRT from strength to strength.
“The changes in New Zealand are also seen as an opportunity for the future. TRT was created by the innovative ingenuity and relentless hard work of its founders and I’m still very energised and motivated to pursue the legacy that started 56 years ago.”
TRT Chief Operating Officer, Lawrence Baker, said: “Five and a half years ago I joined TRT not just because it made a quality product and delivered exceptional support and service, but because of its people. I was given the opportunity to work with Bruce and Robert Carden on the executive team and it has been my absolute privilege to have worked with them both, I have learned a lot from the Carden’s during this time. I would like to thank them for this opportunity.
TRT Board Chairperson and Non-Executive Director, Bruce Nixon, said: “This change gives the business future certainty, whilst retaining the very important Carden family connection. I have seen first-hand the trust that TRT and all its owners have earned from the industry, and I look forward to supporting Bruce, Mary, and their family in this latest chapter of the TRT success story.”
The original business Jack Tidd Ross Todd formed in April 1967. The New Zealand operation expanded to Australia more than 20 years ago and ramped up growth following the acquisition of B and N Cranes in 2016.
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